Shutterstock Baby Boomers want to move in retirement, but what to do with all that stuff?

For many Baby Boomers looking to sell their homes and make a move in retirement, finding Millennials willing and able to buy their houses might turn out to be a serious hurdle. But that’s not the only challenge they will face when they relocate in retirement.

Moving is never easy, but it is a unique experience for older adults, who have built a life in their homes, amassed an imposing quantity of stuff, and may be uncertain about where they’re going next.

The Marriage, The Mortgage, The Memories

There’s a difference between a house and home. Home is not really a place in itself. Home is a relationship between a person and a place. “Universally, homes function for people in so many important ways, both physical and psychological, that they become symbols that involve all aspects of our lives,” writes aging anthropologist Jacquelyn Beth Frank.

All of us live in many homes throughout our lives, but for many of us, the home of greatest significance is the one in which we spend our midlives, cultivating marriages, paying off mortgages, accumulating memories, raising children, progressing in our careers, and amassing possessions. Many, if not most, older adults have lived in the same residence for decades.

After so much time spent in the same place, our memories are transferred onto the objects and environment around us. The architecture of our homes becomes part of the architecture of our minds. If we find ourselves restless at night, we can put ourselves to sleep just by performing a slow mental survey of every room in the house (try it, if you’re ever feeling insomniac).

For those in later older age, in their 80s and 90s, a sudden unexpected move out of a long-lived residence can have a devastating effect on mental and physical health. Those of us with stronger constitutions might not crumble to dust, but…

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How do you use private money?
In the case of a fund, it could be funded by one person, but more often than not, it is funded by multiple investors into a pool.” What kind of security do you offer your lenders?
Hence, the Loans are not securities, and the investments into the funds are.” What kind of legal entity do you use?
The lender is either an individual, trust, LLC, corp, or whatever the lender uses (that’s up to them, and it doesn’t matter to me).” “In the case of the Blind Pool, I typically use an LP, but that is only because I’m in California, and the LLC fees are high for entities that make a lot of income.
In the case of a Blind Pool or One Off, the investor writes the check or wires the money to the LP or LLC, and the money goes in the account.” Related: 4 Risks and Drawbacks to Using Private Money “We have control of the funds and use it to make purchases (Blind Pool) or close on the transaction (One Off).” What kind of terms and rates do you offer?
Dave currently raises millions of dollars from private investors in the rather unique niche of real estate note investing.
“I started by raising money from one investor for one property.
Then I started doing private placements for real estate deals, and then I started doing them for notes.
“If we’re tying a lender to a property or an individual note, funding is wired at the time of closing, when it’s going to be recorded.” “For an interested investor of our note fund, the process usually starts with an interview with our Investor Relations Department to see if there’s a qualified fit.
The minimum investment is $10K, $5K a share.” “When we borrow against an individual note or lend on a property, our rates and terms vary.” What kind of problems have you run into, and how have you overcome them?

TruVest, is a national real estate investment company that challenges the conventional investment community to think differently about atypical investments in green technology and real estate notes.
Phone: 833-878-8378